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Crypto BasicsWhat is Dogecoin (DOGE)?
Dogecoin is its own chain, started as a joke and still mined with Scrypt. Since 2015 each block mints 10,000 DOGE, and there is no halving. An address that starts with D is not a Litecoin address.EasyCryptoGuides · · 2 min read
Crypto BasicsWhat is TRON (TRX)?
TRON is a delegated-proof-of-stake ledger. TRX is the native coin. Most of the dollars people send on it are USDT, a token the chain does not issue. A T address is not an Ethereum address.EasyCryptoGuides · · 3 min read
Crypto BasicsWhat is Dai (DAI)?
Dai comes from the Maker system, now also called Sky. You lock collateral and borrow DAI. Liquidation is the design. USDS is a conversion, not a rename that already happened to every balance.EasyCryptoGuides · · 3 min read
Crypto BasicsWhat is BitTorrent (BTT)?
BitTorrent Inc. sold the token on 28 January 2019, on TRON. The file-sharing protocol is older and does not require BTT. In December 2021 one old coin became 1,000 new ones. The count went from 990 billion to 990 trillion.EasyCryptoGuides · · 1 min read
Crypto BasicsWhat is USDC?
USDC launched in 2018 as a joint Circle and Coinbase product. Circle issues it. The March 2023 wobble was a bank failure, not a broken chain. Native USDC and a bridged lookalike are different assets.EasyCryptoGuides · · 3 min read
Crypto BasicsWhat is Tether (USDT)?
USDT is issued by Tether Limited. The peg is a promise about reserves, not a law of the chain. The company can freeze an address. Sending the Ethereum token to a Tron address strands it.EasyCryptoGuides · · 3 min read
Crypto BasicsWhat is STASIS EURO (EURS)?
STASIS said EURS would trade on DSX from 4 July 2018, backed one for one by euros. There is no fixed cap. It is not Euro Coin, and a reserve balance is not the token.EasyCryptoGuides · · 1 min read
Crypto BasicsWhat is MX?
MX is the token of the exchange now called MEXC. The exchange dates the issue to 30 June 2018 and the opening supply to 1 billion. Later burns changed that figure. A fee discount is a company rule.EasyCryptoGuides · · 1 min read
Crypto BasicsWhat is Arweave (AR)?
Arweave’s mainnet opened on 8 June 2018. Genesis created 55 million AR. Mining can add 11 million more, and then the ceiling is 66 million. Most of an upload fee goes into an endowment. A file is not the token.EasyCryptoGuides · · 1 min read
Crypto BasicsWhat is Nexo (NEXO)?
Nexo sold 525 million NEXO at 10 cents and kept the rest of a 1 billion supply. The lending desk opened at the end of April 2018. A dividend is a company payment. A balance inside Nexo is not the token in your wallet.EasyCryptoGuides · · 1 min read
Crypto Basics